Shandong Weigao Medical Polymer Co. (OTCMKTS:SHWGF) Sees Large Increase in Short Interest

Key Points

• Shandong Weigao Medical Polymer Co. experienced a significant 174.6% increase in short interest in August, rising to 10,392,000 shares from 3,784,400 shares at the end of July.
• The company’s stock has fluctuated between a 12-month low of $0.65 and a high of $0.76, with current trading at $0.76.
• Shandong Weigao specializes in the research and development, production, and sale of various medical devices in China.

Shandong Weigao Medical Polymer Co. (OTCMKTS:SHWGF - Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 10,392,000 shares, agrowthof174.6% from the July 31st total of 3,784,400 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Shandong Weigao Medical Polymer Price Performance

Shares of OTCMKTS SHWGF remained flat at $0.76 on Tuesday. Shandong Weigao Medical Polymer has a 1 year low of $0.65 and a 1 year high of $0.76. The stock has a 50-day moving average price of $0.76 and a 200 day moving average price of $0.75. The company has a current ratio of 3.20, a quick ratio of 2.78 and a debt-to-equity ratio of 0.11.

Shandong Weigao Medical Polymer Company Profile

Shandong Weigao Group Medical Polymer Company Limited engages in the research and development, production, wholesale, and sale of medical devices in the People's Republic of China. It operates through Medical Device Products, Orthopaedic Products, Interventional Products, Pharma Packaging Products, Blood Management Products, and Others segments.